Question $1$ of $1$

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Bonita Corporation purchased a computer on December $31,2024,$ for $$123,900,$ paying $$35,400$ down and agreeing to pay the balance in five equal installments of $$17,700$ payable each December $31$ beginning in $2025.$ An assumed interest rate of $10\%$ is implicit in the purchase price.

$($a$)$

Your answer is partially correct.

Prepare the journal entry at the date of purchase. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $2$ decimal places, e$.$g$.52\mathrm{.}75.$ Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$